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Title: Market Structure

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Subject: Business
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Date: August 13, 2003
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Length: 3 / 804
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(2.) The single seller sells a product for which there are no close substitutes. (3.) There are extremely high barriers to entry. A monopolist is a price seeker, that is , it is a seller that has the ability to control to some degree the price of the product it sells...

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A price seeker can raise its price and still sell its products?Although not as many units as it could sell at the lower price. With the raising of prices by a monopoly, there is no regulatory system or price ceiling. Examples of monopoly include many public utilities and the U...

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